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Hikma delivers strong Q1, holds on to guidance
Pharmaceuticals group Hikma said it has made a "strong and encouraging start" to 2024, with all three business segments performing well, as it held on to guidance for the year.
Inchcape holds guidance as Q1 revenues rise 5%
Car dealer Inchcape on Thursday reiterated its annual outlook after a 5% rise in first-quarter revenues.
Barclays Q1 profits fall 12%
Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.
Anglo American confirms takeover proposal from BHP
Anglo American confirmed on Thursday that it had received an unsolicited non-binding and highly conditional all-share takeover proposal from Australia’s BHP Group.
Weir Group performs as expected in first quarter
Weir Group said in a trading update on Thursday that order progression in its first quarter matched expectations as it maintained its guidance for the year.
Schroders first-quarter AuM tick higher
Schroders reported an uptick in first-quarter assets under management on Thursday.
Travis Perkins Q1 revenues fall 3.7% on weak building sector demand
Building products supplier Travis Perkins said first quarter revenue fell 3. 7% as weak demand in the construction sector continued to impact trading.
Persimmon on track after 'encouraging' trading in Q1
UK housebuilder Persimmon saw a 10% drop in new home completions in the first quarter, but said it experienced an improvement in sales rates and "firm pricing".
Ibstock Q1 sales fall short amid ‘challenging’ trading conditions
Building products manufacturer Ibstock said on Thursday that sales volumes in the first quarter were lower than expected as activity in residential markets remained subdued.
WPP Q1 revenues fall 1.4%; Guidance held
UK advertising agency WPP on Thursday said revenues fell 1. 4% as it lost a healthcare client and spending by technology companies was cut back.
WH Smith on track for full year after 'good' first half
WH Smith said on Thursday that it was on track to deliver on expectations for the year after a "good" first half.
Sainsburys sees strong profit growth this year on food pivot
UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.
Unilever reiterates guidance after solid first quarter
Consumer products giant Unilever maintained its full-year guidance after a solid first quarter, which saw all five business divisions contributing to underlying sales growth.
Anglo American confirms takeover offer from BHP, Barclays reports fall in profit
London open The FTSE 100 is expected to open 12 points higher on Thursday, having closed down 0. 06% on Wednesday at 8,040. 38.
London pre-open: Flat start expected as earnings flood in
UK stocks are expected to open flat on Thursday, holding close to the record highs seen earlier in the week, as investors digested a barrage of corporate earnings and awaited some key economic data.
Thursday newspaper round-up: Matchesfashion, Burberry, Boeing
The UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon. The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division. The watchdog is also scrutinising Amazon’s $4bn (£3. 2bn) investment in the US AI firm Anthropic.